Calculate the owner equity

Reference no: EM13979448

Use the following financial information to calculate the owner's equity and prepare a balance sheet with vertical analysis as of December 31, 2008, for Mountain Magic Tire Company, a sole proprietorship owned by Paul Provost: current assets, $132,500; property, plant, and equipment, $88,760; investments and other assets, $32,400; current liabilities, $51,150; long-term liabilities, $87,490.

Reference no: EM13979448

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